No Bullshit Bitcoin

As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of FTX.com.

The Proof of Reserves process is reasonably simple. There is no fancy Merkle tree or any other unnecessary cryptographic complexities. All BitMEX has done here is publish a basic list of the reserves.

Both CZ and SBF have tweeted about the potential deal.

CZ and Binance appear to have taken this action due to recent regulatory lobbying efforts that SBF and FTX have made to the US Government, including lobbying against Binance behind their back.

BitMEX has extended Gleb Naumenko’s Bitcoin developer grant until May 2023, a six month extension from the previous grant. This is the fourth consecutive time BitMEX has provided Gleb a grant and BitMEX continues to support his work for the long term.

We upload all of our tax documents and publish a blog post about these documents in order to be transparent.

Block reported $1.76 billion in bitcoin revenue in its Cash App unit during the third quarter, down 3% year-over-year and lower than the $1.79 billion reported in the second quarter.